New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-16
4 "BUCKET-SHOP" KEEPER CONVICTED.
ONLY FINE OF A 300 IMPOsFD-wALL STREET
GREATLY EXERCISED


The uclct shop case was brought 10 an en-"
Yesterday by the conviction Of Elliott W Todd mo
manager of the New-Y0ik Stock Company, Llh't'd'
who wa, charged with keeping room 10 DC u7or io'
gambling The closing speech of Deputy Assistant
Dl-rlct Attorney Prrly occupied part OF INC inorh
ING Mr. PURIFY said that boys and young men were
the CHEZ patrons 81 the bucket shops. He declared
that thorc was intention on the part OF any enc
thai stock s:ouI actually be delivered.
Indigo Cowing In charging the jury said that The
contracts wcro legal as far "a the word Indicated
their purpc,c TIL, quest on for the jury to dc'fh'h'
was whether the contract was mere Sub'cfinSe OF
vns a part Of a real sale or delivery of the stocks.
He said that the jury must look at the suIouW''hs
circumstances to discover what the real intent OF
both part Is 10 tho transaction II the design was
10 ny AMI sell ,,ocl- that thing: il The intent
wa 70 gambl, under the Disguise of commercial
Transaction. that another ma ter The jury dd not
tako long to rach conclusion. The jurors returned 10
tho bar within fifteen minutes after the judges
CHARGE was finished, and The foreman announced a
verdict oi gully"
The defendant and hi. fricnlS who had gathered
around hin wrc surprised at tie verdict, and several
Of tic regular broker, expressed their satisfaction
Judge Cowing at the suggestion Of Nh Puidy, nti not
mn l.,g tie d.fclfan'. \ fin Of 500 was Imposed
on ToN AMI a say Of thirty days al owed on the
application OF IIceland IT, SnIih his counsel An
appeal Will TO taken and the opinion Of lie General
The decision Wa known in Wall Street within few
minute, and stockholders instantly cong G.;'- c:c!-
DINER al their success. IL Wa, nat k.own until after
Close OF business that the puni-hment inflicted on
the proprietor OF tic l2TS,st t"'"5' mop IN Wal
Street was ins OF 300. IN appeal from This de-
olson ta.cn. but It was the opinion OF tho Veteran
OPERATOR, aat Dir Toad Ous to have pad hs hnc- for
year or Two Al ihs rase O. cony.ctOn every rn1nh
II admitted that hc cou! pay the tho every
rad lie
in .iIc,-.
There many rumors set IN motion about the
consequences OF tho conviction. some stories
10 he effect thar Inspector Byrie, woaI close iIaic
dat all thc .U,h,t shops IA he city he would
suppIc>, other gambling game, mat Wcso brought tC
M notice. The runlor> ihat work on tic new Ou.Id
Ing OF the Consolidated stock and Petroleum Ex-
Chang, hal boon stopped By tAo decision were man
fc>t.y no. iruo and perhaps the a,-cron OF ono OF
tho IAcnDclo that g. number of lev Nolnnlcn
"ai Dcon ompoy,d "aa equally las. 1t Wa suS
o,od ot.ccl tl.e stock i.A.nan., that ;i.c
Irrcnt attempt H. c-ta' h-h i.iInlsAuy sett4omonts
tie law. Iit -a.d wan sJ11 ucu OF Ic'AhS;
do not sec anJ difference and / an perfectly
VINO deals for he account indicted and punished.
Tho chd- against the bucket shop, l. that tAcy 10
o.. i"',rd ~ osI.'cr stock. III which they trade
i' lui!"-' "l iaiu- l" iht account ! 10 aNOd IL
ne. oi ~iocn. lhcic may be difference. put
Ihcro wa, an incredible i"pot hat all active ana
anb4uouS irohcr, would be at their Offices much
can an usual 10 day in The hope OF catching some Of
inc order by which the bucket shop had n'ur,hed.
II was said with great confidence" indeed. uai there
VS. nothing I'm the tradition 20 prove that he cary
BIRD Suffered from nUse~'on and by -oinc Il va, -iiS
c--lrd lat most birds Woir up -ctrta hours before
tho average broker. The principal curiosity In wall |
street was about the manner i'm which the bucket shops
v.ul cyadc the law II the decision was sustained.
Tie idea Of clearing use wa dl.mi,,cI a. i"piaG
ucable and lctcr plan wa, Nusgr,'ca u T"u,n
not require many hundred .harc, To enable NE buck
81 cour-o would take II and the game WOULD
20 Oh under the sanction 81 tho law.